LeGrand (OTCMKTS:LGRDY) Releases Earnings Results, Misses Estimates By $0.04 EPS

Key Points

• LeGrand reported an earnings per share (EPS) of $0.26 for the quarter, missing the consensus estimate of $0.30 by $0.04.
• The company's revenue of $2.87 billion surpassed expectations, indicating strong performance relative to estimates.
• LeGrand announced a dividend payout of $0.3264, which gives a dividend yield of 134.0% despite the company having recently cut dividends.

LeGrand (OTCMKTS:LGRDY - Get Free Report) announced its earnings results on Thursday. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.04), Zacks reports. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.37 billion. LeGrand had a return on equity of 16.09% and a net margin of 17.18%.

LeGrand Price Performance

Shares of OTCMKTS:LGRDY traded up $0.19 during midday trading on Friday, hitting $29.81. The stock had a trading volume of 40,876 shares, compared to its average volume of 155,011. The company's 50-day moving average price is $26.15 and its 200-day moving average price is $23.24. The company has a market capitalization of $39.35 billion, a P/E ratio of 31.05, a price-to-earnings-growth ratio of 5.02 and a beta of 0.82. The company has a quick ratio of 1.45, a current ratio of 1.94 and a debt-to-equity ratio of 0.63. LeGrand has a fifty-two week low of $18.85 and a fifty-two week high of $30.27.

LeGrand Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, June 17th. Stockholders of record on Thursday, May 29th were given a $0.3264 dividend. The ex-dividend date was Wednesday, May 28th. This represents a dividend yield of 134.0%. LeGrand's payout ratio is presently 31.25%.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reaffirmed an "overweight" rating on shares of LeGrand in a report on Tuesday, July 1st.

LeGrand Company Profile

Legrand SA, together with its subsidiaries, manufactures, distributes, and sells electrical and digital building infrastructures in Europe, North and Central America, and internationally. The company offers energy distribution, protection, and management solutions, such as electric vehicle charging, residential and small commercial panels, switchboards and power cabinets, and UPS devices; and wiring devices, connected home and building control solutions, and guestroom solutions, as well as back, junction, DCL, and floor boxes.

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